Bahrain All Share Index yesterday closed at 2,050.79 points, marking an increase of 3.38 points above the previous closing.
This increase was due to the rise in the communication services sector, the financial sector and the materials sector.
The Bahrain Islamic Index closed at 1,020.88 points, marking an increase of 6.36 points above the previous closing.
Results indicated that 118 equity transactions took place with a volume of 3,233,267 worth BD880,953.
Investors traded mainly in the financial sector, representing 73.68 per cent of the total value of securities traded.
Most stock markets in the Gulf closed higher yesterday after US President Donald Trump said Iran was “seriously talking” with Washington, a comment that signalled potential de-escalation in tensions.
His remarks came just hours after Iran’s top security official, Ali Larijani, wrote on X that preparations for talks were in progress.
Saudi Arabia’s benchmark stock index rebounded 1.4pc, a day after falling the most in nearly 10 months – with shares in Al Rajhi Bank gaining 1.4pc. Oil behemoth Saudi Aramco was up 1.7pc. Even though the market is still trending higher, oil-related risks have returned. Today’s drop in crude prices may dampen sentiment in Saudi Arabia and across the broader region, said Joseph Dahrieh, managing director at Tickmill.
Dubai’s main share index advanced 2.1pc, buoyed by a 6.1pc jump in top lender Emirates NBD after HSBC raised the lender’s target price to 36.1 dirham, up from 33 dirhams. Improved sentiment has shifted investor attention back to earnings season and the strong economic backdrop that continues to underpin the rally, said Dahrieh.
Dubai’s market posted broad-based advances, led by real estate stocks, wiping out the recent pullback. In Abu Dhabi, the index added 0.6pc.
The Qatari index gained 0.6pc, with Qatar National Bank – the Gulf’s biggest lender by assets – rising 0.7pc.
Outside the Gulf, Egypt’s blue-chip index eased 0.1pc.